02/10/2014
Ex-UBS Executive Weil Faces Eight-Month Wait as U.S. Trial Delayed
The highly-anticipated U.S. trial of former UBS AG executive Raoul Weil has been pushed back to October, leaving the former Swiss banker to languish in overseas legal limbo for the better part of this year.
02/10/2014
Swiss bank UBS AG approached U.S. authorities in September with information relating to an industry-wide probe into alleged rigging of currency markets, in the hope of gaining antitrust immunity if charged with wrongdoing
02/10/2014
Amid the spate of cases, the public perception of tax-dodging is shifting from that of a naughty but common misdemeanour to a crime and a moral assault on fair burden sharing in society.
02/10/2014
New rules will say that banks have to improve their behaviour across the industry through a series of ethical guidelines and a new committee to oversee improvements
02/10/2014
Financial industry executives are almost as concerned about the growing demands of regulatory compliance as they are with market volatility
02/10/2014
The regional court in Stuttgart, where sports-car maker Porsche is based, expressed strong doubts about the case brought by hedge funds including Viking Global Investors, Glenhill Capital and Greenlight Capital.
02/07/2014
The National Pension Reserve Fund has terminated the mandate held by State Street Global Advisors to manage €650 million worth of equities for it
02/06/2014
Bankers face 4 year minimum jail time in EU crackdown
Financial market abusers could face a minimum of four years in jail under new plans voted through the European Parliament on Tuesday amid a string of financial scandals.
02/06/2014
all affected securities are no longer listed on the Official List of the CISX but instead listed on the CISE. Issuers will be subject to the Listing Rules and other mandatory requirements of the CISE;
02/06/2014
BBH executed these transactions despite the fact that it was unable to obtain information essential to verify that the stocks were free trading.
02/05/2014
The guidance is relevant to all providers of retail investment products to be sold by advisers, as well as advisory firms providing personal recommendations for such products and payments made by providers to unregulated third party firms that are for the
02/04/2014
Norton Rose Fulbright launches global regulation and investigations practice
We identified global regulation and investigations as an area that is one of the greatest for clients in terms of concern, focus and spend
02/04/2014
Attracted by the Netherlands’ policies and extensive network of tax treaties, IBM joins companies such as Yahoo! Inc., Google Inc. and Cisco Systems Inc. that have used Dutch subsidiaries to cut taxes.
02/04/2014
Attention being paid by senior management to money laundering challenges is at an all time high according to findings from a new KPMG International report.
02/04/2014
Aberdeen Asset Management is warning people to look out for emails from fraudsters purporting to be from the company
02/03/2014
In addition to a number of key hires in 2013, the team was further strengthened last month by the acquisition of Wheatley-based law firm, Whetter Duckworth Fowler which has an excellent reputation for its private client and property work.
02/03/2014
The most recent lawsuit forms part of a legal campaign being waged by hedge funds in various courts across the world, seeking to recoup money which was lost by betting on a decline of Volkswagen's share price in 2008.
02/03/2014
The deal for the law firm’s services arm, which has 10 offices across the Cayman Islands, London, Jersey, the British Virgin Islands and Guernsey, is thought to have an enterprise value of around £180m.
02/03/2014
This launch allows BNP Paribas’ asset manager and asset owner clients with funds domiciled in Switzerland to benefit from the banks’ established, pan-European expertise in depositary services such as cash monitoring, oversight and safekeeping
01/31/2014
Ex-UCCI president faces extradition to the Cayman Islands
He is the former president of the University College of the Cayman Islands who suddenly left the territory in 2008 claiming to be suffering from a severe illness.